Updated Dec 4, 2024
Greymart Metal Sells Industrial Asset At 974 Meeker Avenue Brooklyn For $4.2M With Jay Gilbert
974 Meeker Avenue
$4,200,000
$328/SF
Building Size
12,769 SF
Asset Type
Industrial
Closing
Oct 18, 2024
About this deal
AI
The property involved in the transaction is an industrial asset located at 974 Meeker Avenue in Greenpoint, Brooklyn. The sale price was $4,200,000, covering a total square footage of 12,769, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 974 Meeker Avenue
- Market: Greenpoint, Brooklyn
- Seller: Greymart Metal
- Broker: Jay Gilbert - RPLRE
- Square Footage: 12,769
- Price per Square Foot: $328
Jay Gilbert represented the seller, Greymart Metal, in this transaction, facilitating the sale process in the industrial market.
On the Map
$4,200,000
$328/SF
Industrial
View full map
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jay Gilbert to view all their deals.
Browse Brooklyn industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93